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Crompton Greaves Ordered to Compensate Consumer for Malfunctioning Fan

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Crompton Greaves Ordered to Compensate Consumer for Malfunctioning Fan

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An announcement from Crompton Greaves Consumer Electricals Ltd. ( (IN:CROMPTON) ) is now available.

Crompton Greaves Consumer Electricals Ltd. has been directed by the District Consumer Disputes Redressal Commission in Palakkad, Kerala, to compensate a consumer with ₹25,000 and cover costs of ₹15,000 due to a malfunctioning ceiling fan. Despite this order, the company states that the financial impact of ₹40,000 is not material to its overall financials, operations, or activities.

More about Crompton Greaves Consumer Electricals Ltd.

Crompton Greaves Consumer Electricals Ltd. operates in the consumer electricals industry, primarily focusing on products such as ceiling fans and other electrical appliances. The company is based in Mumbai, India, and is known for its commitment to quality and innovation in the electrical consumer goods market.

Average Trading Volume: 231,535

Technical Sentiment Signal: Sell

Current Market Cap: 170.8B INR

For an in-depth examination of CROMPTON stock, go to TipRanks’ Overview page.

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